This property looks like a bad Mid-Term investment with a projected -15.42% first-year return on $192k initial cash invested.
-15.42%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$5,560
Rent
-$2,465
Cashflow
Cash Flow
$5,560 income − $8,025 expenses = $2,465 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,276
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,560
Total Expenses
$8,025
Mortgage P&I
82%
$4,576
Property Taxes
23%
$1,265
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$612